Bill > S1802

This bill, titled the Public Power Risk Management Act of 2013, aims to ensure fair treatment for "utility special entities" when they engage in "utility operations-related swaps." A utility special entity is defined as a special entity, or a state or local government entity, that owns or operates energy facilities, supplies energy, has public service obligations to deliver energy to customers, or is a Federal power marketing agency. A utility operations-related swap is a financial contract used to manage commercial risks associated with the generation, purchase, sale, or supply of natural gas or electricity, including fuel supply, compliance with reliability obligations, and environmental regulations. The bill amends the Commodity Exchange Act to require that these specific types of swaps involving utility special entities be reported and, importantly, to treat them as if they were entered into with entities that are not considered "special entities" for regulatory purposes, thereby providing them with equal treatment in the swap market.